Warehousing Cost

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WareC(g)\mathit{WareC}(g)
Dimension:
Cost
Granularity:
Group of cases

Description

Warehousing cost associated with all activity instances of a group of cases.

Potential use

Process where the cost of warehousing is relevant.

Assumptions

Minimizing warehousing cost is desirable.

Desired Value:

MINIMIZE

Required attributes

case
warec

Equations

Formula for practitioners

cgWareC(c)\sum _{c \in g} \mathit{WareC}(c)

WareC(c)\mathit{WareC}(c) returns the warehousing cost for case cc.

Formal Definition

cgWareC(c)\sum _{c \in g} \mathit{WareC}(c)

Tags

case
warec

Python implementation

This indicator is implemented in the process_performance_indicators Python library.

process_performance_indicators.indicators.cost.groups.warehousing_cost